I was recently quoted in an article that focused on investment advice. When I started my first job, I had an elder statesman in the company pull me aside. He told me to live on 90% of my income and invest the difference. Boy was he right! Thirty-two years later his advice has created financial […]
This video will help you get started with investing from Munny Journey and planning for your children’s future.
For just a $1 a day, the oldest living American could have $89 million. Jeralean Tailey is now the oldest living American at 115 years old. If Jeralean invested $1.00 a day from birth, and received an average S&P 500 investment return, that $1 a day would be worth $89,023,066.00! That’s the power of compound […]
Millennials are looking at a vastly different retirement than their parents are, or possibly no retirement at all. Life expectancies are growing 30% a decade…..living until 100 will become common for this generation. Different from their parents millennials have delayed many life priorities (jobs, marriage, home purchase, savings, 401(k). Millennials are less financially literate […]
Most people don’t budget…..America has become a “what’s the minimum payment” society. Budgets create accountability which is not common place. The Americans that do have a substantial leg up on those who don’t. Even ordinary people can accumulate enough wealth to sustain a balanced retirement. Working for companies that have monthly payroll deductions into 401ks […]
Starting a savings account for a child is a life changing event. Not only do they have an advantage using compound interest, but recent study from the University of Kansas found that kids that have savings and investment accounts had 20 times more money than kids that didn’t. Children with savings accounts/investment accounts were four […]
The Munny Journey concept is doing something crazy: it’s changing the way people think about money. If you save a dollar a day for a child it could grow to a nest egg worth a million dollars or more over their lifetime. We all know the importance of starting to save early but many people […]